A half Chinese half Japanese company, with the wonderfully rousing name of National Electric Vehicles Sweden AB (NEVS), has completed the purchase of bankrupt automaker Saab. NEVS has confirmed plans [...]
Tag Archives | saab
Saab Fans Fight To Save Museum Collection
Saab fans are fighting to preserve the largest collection of the Swedish brand’s production and concept cars after the bankrupt company’s receivers put the contents of the Saab Museum up [...]
General Motors Puts The Brakes On Latest SAAB Takeover
Saab’s revival hopes have suffered two more blows, with General Motors knocking back another rescue package and Saab’s restructuring administrator admitting that he is losing patience in the ordeal. GM, [...]
Saab Safe For Now With Cash In Hand
Saab has received the first installment of their €70 million bridge loan from Zhejiang Youngman Lotus Automobile. The company declined to mention how much they received, but the remaining amount [...]
Saab Receives Bankruptcy Protection
Saab’s application for bankruptcy protection has been approved by the Court of Appeal in Gothenburg. This will give Saab more time to pay its workers, and its suppliers once investment [...]
Saab Surviving On Promise Of Chinese Investment
Following a Swedish court’s rejection of a bankruptcy protection bid from Saab last week, things were looking quite bleak for the beleaguered automaker. Now, however, Saab has received a stay [...]
Saab Suffering Cashflow Woes
There’s more bad news for cash-strapped Saab, as Sweden’s regulators started the collection process against Saab Automobile for failing to meet a deadline mid-August to pay two suppliers. The automaker’s [...]
Saab 9-4X Crossover Will Debut in Late 2010
Like the all-new 9-5, Saab’s upcoming 9-4X crossover has survived the Swedish carmaker’s transition from the General Motors umbrella to the ownership of niche sports carmaker, Spyker. While the urgent [...]
Saab Back In Business
Saab is back in business. The production lines at the automaker’s plant in Trollhattan, Sweden began rolling again today and to mark the occasion the CEOs of Saab and new [...]
